Canopy Growth (CGC)
NASDAQ:CGC

Canopy Growth (CGC) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

CGC Analyst Ratings

Moderate Sell
6Ratings
0 Buy
3 Hold
3 Sell
Based on 6 analysts giving stock ratings to
Canopy
Growth
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CGC Stock 12 Months Forecast

Average Price Target

$2.59
▼(-20.06% Downside)
Based on 6 Wall Street analysts offering 12 month price targets for Canopy Growth in the last 3 months. The average price target is $2.59 with a high forecast of $3.66 and a low forecast of $1.50. The average price target represents a -20.06% change from the last price of $3.24.
Highest Price Target$3.66Average Price Target$2.59Lowest Price Target$1.50
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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CIBC
$2.20
Sell
-32.13%
Downside
Reiterated
CIBC Sticks to Its Sell Rating for Canopy Growth (CGC)
BMO Capital
$1.83
Sell
-43.44%
Downside
Downgraded
Canopy Growth downgraded to Underperform from Market Perform at BMO CapitalCanopy Growth downgraded to Underperform from Market Perform at BMO Capital
CFRA
$7.33
Hold
126.22%
Upside
Reiterated
Canopy Growth shares slide on wider-than-expected lossOnce again, management pledged to reduce opex and capex, saying that with a renewed sense of urgency, it is focused on achieving profitability in Canada, Nelson said. Importantly, WEEDs cash and equivalents fell by C$560 million to C$1.42 billion sequentially and we think liquidity could become an issue in the coming quarters absent the passage of federal cannabis legislation in the U.S., which we view as unlikely with midterms elections looming.
Bank of America Securities
$6.23
Sell
92.29%
Upside
Reiterated
Canopy Growth (CGC) Receives a Sell from Bank of America Securities
Jefferies Analyst forecast on CGC
Unknown Analyst
Not Ranked
Jefferies
$5.50
Hold
69.75%
Upside
Reiterated
Mondays analyst upgrades and downgrades - The Globe and Mail* Jefferies cut his Canopy Growth Corp. (WEED-T) target to $5.50 from $8.80, reiterating a hold rating. The average on the Street is $6.80.
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CGC Financial Forecast

CGC Earnings Forecast
Next quarter’s earnings estimate for CGC is -$0.16 with a range of -$0.23 to -$0.09. The previous quarter’s EPS was -$0.34. CGC beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 51.88% of the time in the same period. In the last calendar year CGC has Underperformed its overall industry.
Next quarter’s earnings estimate for CGC is -$0.16 with a range of -$0.23 to -$0.09. The previous quarter’s EPS was -$0.34. CGC beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 51.88% of the time in the same period. In the last calendar year CGC has Underperformed its overall industry.
CGC Sales Forecast
Next quarter’s sales forecast for CGC is $87.65M with a range of $80.14M to $107.80M. The previous quarter’s sales results were $86.18M. CGC beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 54.95% of the time in the same period. In the last calendar year CGC has Underperformed its overall industry.
Next quarter’s sales forecast for CGC is $87.65M with a range of $80.14M to $107.80M. The previous quarter’s sales results were $86.18M. CGC beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 54.95% of the time in the same period. In the last calendar year CGC has Underperformed its overall industry.
CGC Analyst Recommendation Trends
In the current month, CGC has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CGC average analyst price target in the past 3 months is $2.59
In the current month, CGC has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CGC average analyst price target in the past 3 months is $2.59

CGC Stock Forecast FAQ

What is CGC’s average 12-month price target, according to analysts?
Based on analyst ratings, Canopy Growth’s 12-month average price target is $2.59.
    What is CGC’s upside potential, based on the analysts’ average price target?
    Currently there's no upside potential for CGC, based on the analysts’ average price target.
    Can I see which stocks the top-ranking analysts are rating?
    Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
      How can I follow the stock ratings of top Wall Street analysts?
      Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
        Is CGC a Buy, Sell or Hold?
        Canopy Growth has a conensus rating of Moderate Sell which is based on 0 buy ratings, 3 hold ratings and 3 sell ratings.
          What is Canopy Growth’s price target?
          The average price target for Canopy Growth is $2.59. This is based on 6 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
          The highest analyst price target is $3.66 ,the lowest forecast is $1.50. The average price target represents -20.06% Decrease from the current price of $3.24.
            What do analysts say about Canopy Growth?
            Canopy Growth’s analyst rating consensus is a ‘Moderate Sell. This is based on the ratings of 6 Wall Streets Analysts.

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